BNP Paribas' Edmund Shing: QE Has to Continue

The video discusses the influence of central banks on markets, focusing on Janet Yellen and the ECB. It highlights political uncertainty in the US and Europe, the continuation of quantitative easing, and its diminishing effectiveness. The US economy's growth is slowing, particularly in auto sales, impacting industrial production. Central banks are managing market volatility, but there's a risk of instability. The need for fiscal policy is emphasized as macro indicators show sub-trend growth.

What are the implications of central banks' actions on the economy according to the text?

What concerns are raised about Janet Yellen's approach to managing the economy?

How does the text describe the current state of car sales in the US?

What does the text suggest about the effectiveness of quantitative easing as a monetary policy tool?

What role do governments and institutions need to play according to the discussion in the text?